Section 3: Application of Act
consolidated text (as at 2018). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
3. Application of Act
(1) This Act shall apply only to a captive insurer who is the holder of a
licence.
(2) The Minister may, on the recommendation of the Commission,
provide, by regulations, for any provision of this Act to apply to a captive
insurer with modifications, adaptations and limitations and on terms and
conditions not inconsistent with this Act.
(3) Where there is an inconsistency between this Act and any other
enactment in relation to a captive insurer, this Act shall prevail to the extent
of the inconsistency.